Author: NBTC
Bearish days are some of the most troubling times in the digital currency ecosystem, and investors tend to lose faith during this period. Drawing on this, Shiba Inu Marketing Lead Lucie has shared some unique things community members can do to weather the current bearish storm. Bear market to-do list It is worth noting that bearish market days are often characterized by elongated days, wherein Shiba Inu ends the trading day down on the negative. At the time of writing, Shiba Inu has slumped by 0.34% in 24 hours and by more than 15% over the past week. According to…
A crypto trader and the formerly largest Ethena (ENA) staker has capitulated with $13 million of mostly realized losses. As fear took over, the investor unstaked a $17 million position built with an initial investment of around $30 million. Notably, the trader built his position from April 5 to April 10 with four 5 million ENA withdrawals from Binance. According to a Lookonchain report on X, the purchases resulted in a 23.24 million ENA position worth $30 million. The average price was $1.29 per token. Later, the Ethereum (ETH) address ‘0x886b70db1A5Ec9DA60231D3A059b640dB7f116ed‘ staked the recently acquired ENA, becoming the token’s largest…
Brazil’s Special Department of Federal Revenue will begin collecting information from foreign crypto exchanges to ensure their operations are in compliance with local regulations, Reuters reported on June 18. The tax department will ask foreign crypto exchanges how they interact with local service providers and ensure the companies provide details required by regulations introduced in 2019. Deputy Secretary of Inspection Andrea Chaves said: “It’s an area of concern for us to understand first how [the foreign exchanges] operate here, whether there’s any illegality or not.” Chavez said that the tax department will also collect information about Brazilian wealth that should…
Gabor Gurbacs, strategic advisor at Tether and VanEck, has taken to the global X social media network to send an important message to countries with weakening fiat currencies. This message is about the world’s leading cryptocurrency, Bitcoin. No fiat currency can replace USD, but Bitcoin can, Gurbacs says Gabor Gurbacs shared his take on any viable alternative to the U.S. dollar among the other fiat currencies around the world. He believes there is no “better alternative” to it for countries whose national fiat currency is depreciating. Gurbacs’s message to those countries is to follow the example set by El Salvador…
DePIN protocol Aethir has officially launched its decentralized cloud computing network on the Ethereum mainnet, along with its native token ATH. In the last two hours since its launch, the token leaped nearly 100%, data aggregator CoinGecko shows. Aethir’s platform enables the renting of high-performance compute resources for AI training or digital content rendering. Its economy is driven by the native token, ATH, which uses Ethereum for staking and Arbitrum for fast payments. The token also plays a key role in governance and security within the Aethir ecosystem. “By providing a scalable framework for redistributing idle compute resources, we can…
Uniswap has generated more than twice in fees compared to any other decentralized exchanges (DEXs) in the past 30 days, latest data from Token Terminal shows. With nearly $100 million in fees generated this past month, Uniswap DAO ranks highest among top 20 DEXs. According to on-chain data, Uniswap DAO has registered more than the next four decentralized exchanges combined in this period. Uniswap tops DEXs by 30-day fees As of June 18, Uniswap DAO accounted for more in generated fees than PancakeSwap, Aerodrome, Uniswap Labs and GMX combined. While PancakeSwap and Aerodrome both are on track to surpass $20…
Bitcoin Magazine recently sat down with Lisa, founder of Bitcoin++ and the Base58 Bitcoin Developer course, to discuss her work and vision for structured education in the Bitcoin space. Lisa’s journey in the Bitcoin space has been multifaceted. Currently working part-time with Blockstream on core Lightning projects, she also operates Base58, a platform designed to provide mid to senior-level developers with in-depth knowledge of Bitcoin technical development. This initiative stems from her belief that structured education can significantly enhance the Bitcoin development community’s capabilities. “Structured education is hard, like good curriculum,” Lisa stated. “The pathways someone shows you to your…
Floki is set to expand its reach into the Southeast Asian market, with a strategic focus on Vietnam. The company seeks to establish a strong presence in a region with one of the highest cryptocurrency adoption rates worldwide with an “Aggressive Marketing Campaign.” The campaign will kick off on June 17, 2024, in Ho Chi Minh City, Vietnam’s bustling financial hub. Despite having a population of under ten million, Ho Chi Minh City contributes approximately 25% of Vietnam’s GDP. This city boasts a GDP per capita over 2.5 times the national average, making it an ideal launchpad for Floki’s ambitious…
Cryptocurrency has taken the world by storm, and with it, the idea of launching a new coin has become an attractive prospect for many. However, getting a new coin listed on an exchange is not an easy task. It requires a deep understanding of procedural requirements and adherence to regulatory standards to ensure a successful listing. This article outlines the critical steps and necessary documentation to list your coin on exchange successfully. Stages of Listing a Crypto Coin Listing a coin on an exchange begins with several preparatory steps: Choose a platform. A coin issuer must select an appropriate exchange…
Although Bitcoin (BTC) has started to consolidate its gains from the previous days, setting the mood for the majority of other assets in the cryptocurrency market, a stellar price of a whopping $1 million is almost a certainty in its future with one particular factor at play. As it happens, the Bitcoin market seems to be in the early stages of a phenomenon called ‘game theory,’ which could play an important part in driving further mainstream adoption and price gains for the flagship decentralized finance (DeFi) asset, according to The Motley Fool’s RJ Fulton. How will Bitcoin reach $1 million?…